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Viper Trading Systems Indicator
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Viper Trading Systems Indicator

  #161 (permalink)
Elite Member
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
gfg1's Avatar
 
Posts: 73 since Sep 2009
Thanks: 21 given, 74 received

Based on experience, back several months ago when a member, they state way too many things, namely how they are killing it. The only things that get killed are your trading account, and then your bank account for paying them.

Have them provide you a trading account statement showing these large wins they claim. You will either be ignored or banned.


jgreene View Post
They are now boasting new products such as authtraderelite and another less expensive autotrader.
They state over night trading is generating large wins to the tune of $1,000 +.
Anyone still a member and getting these results?


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  #162 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
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jgreene View Post
They are now boasting new products such as authtraderelite and another less expensive autotrader.
They state over night trading is generating large wins to the tune of $1,000 +.
Anyone still a member and getting these results?

These guys have no shame when it comes to taking OPM for worthless products.

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  #163 (permalink)
Trading Apprentice
Montreal
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CannonTrading /
Favorite Futures: Crude, TF
 
PiCoTrader's Avatar
 
Posts: 40 since Mar 2010
Thanks: 148 given, 47 received

Tried the breakout robot


I did try their new breakout robot but could not trust it at first so I unsubscribed quickly

because 1: you need to learn WHEN to turn it on and When to turn it off.
I did not know then 'the WHEN' so the breakout robot was showing -1000usd very quickly and was often taking 3 losing trades before catching a good one and that scared me more.

There was no way I could trust myself to properly turn the robot on or off.

because 2: ADXVMA gives a better and quicker signal.
The right chart shows where the robot took a long trade at 11:34 based on a trend background change.
The left chart shows a much quicker entry based on ADXVMA background change at 11:33.

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on the second chart we can see what entries scared me ' 3 losing in a row = choppy turn it off zone'
because I did not know how to use the robot does not mean it's not working.


It is questionable to see a good system like the viper3 'which I use' being replaced by new systems.
Viper trading switched to this new breakout system in response to demand of tighter stop loss by using a system on a 2 to 4 range bars instead of an 8 range.

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I've been following those guys long enough and watched and attended many of their Webinars to know that helping traders to become profitable is their main goal.

So far this is the trading room I have learned the most from and recommend to every one to watch their recorded Webinars first and decide if they want to join.
Viper Trading Systems

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  #164 (permalink)
Elite Member
Sydney / Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP
Favorite Futures: Oil
 
Posts: 116 since Jun 2009
Thanks: 125 given, 103 received

I honestly think their indicators are CHEAP. From the pictures above, it looks like the sharky ADX line in combination with the Supertrend indicator. Ive gone to a lot of their webinars and everything that is taught is in the past tense.

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  #165 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
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PiCoTrader View Post
I did try their new breakout robot but could not trust it at first so I unsubscribed quickly

because 1: you need to learn WHEN to turn it on and When to turn it off.
I did not know then 'the WHEN' so the breakout robot was showing -1000usd very quickly and was often taking 3 losing trades before catching a good one and that scared me more.

There was no way I could trust myself to properly turn the robot on or off.

because 2: ADXVMA gives a better and quicker signal.
The right chart shows where the robot took a long trade at 11:34 based on a trend background change.
The left chart shows a much quicker entry based on ADXVMA background change at 11:33.

Attachment 16524


on the second chart we can see what entries scared me ' 3 losing in a row = choppy turn it off zone'
because I did not know how to use the robot does not mean it's not working.


It is questionable to see a good system like the viper3 'which I use' being replaced by new systems.
Viper trading switched to this new breakout system in response to demand of tighter stop loss by using a system on a 2 to 4 range bars instead of an 8 range.

Attachment 16527



I've been following those guys long enough and watched and attended many of their Webinars to know that helping traders to become profitable is their main goal.

So far this is the trading room I have learned the most from and recommend to every one to watch their recorded Webinars first and decide if they want to join.
Viper Trading Systems

Their chart looks like it's using:

TCTrendingTSF (Time Series Forecast) for the color-changing average price line
TSSuperTrend for the "breakout"
I can't tell what's coloring the bars.

We've got all we need right here at BigMikes.

After all, it's what you learn AFTER you know it all, that counts!
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  #166 (permalink)
Trading Apprentice
Montreal
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CannonTrading /
Favorite Futures: Crude, TF
 
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Posts: 40 since Mar 2010
Thanks: 148 given, 47 received

sorry but your comments are irrelevant guys.
Stay focused on the subject, Not the charts or indicators. Those are not the subject here.
The breakout robot entering late compared to our free ADXVMA is.

Those charts are to compare how far the robot took a trade based on background charge' Blue chart'. Compare it with ADXVMA background color change 'black chart' and see how far the robot took the trade.

I'm using _Lin_Reg_Color_Paint_V01 to mimic Viper and TSSupertrend on the blue chart.
But its irrelevant.

when using a strategy,Ninja puts a dotted line after closing the trade.
You need a second chart 'my black one' or a dome to see the trade going and to move stop and targets. You don't have any control of the trade on the same chart robot strategy is running' for those who don't know'.

So the robot was set on the blue chart while I was watching and trading it on the black chart using chart Trader.

This was my first time subscribing to a strategy '399usd' and I did not like it but someone on futures.io (formerly BMT) had to do it to find out about the Breakout autotrader.

As a trader, I was very concerned to see the robot enter so late. ADXVMA was already telling me that the automatic trade would likely fail.

Seeing 3 losing trades in a row on the second chart has nothing to give me confidence either.

There is nothing better as yourself to trade but I had to find out.
Personally the chat room is all I want and with clear trade calls, from Viper System, this would be a much better trading room than selling a breakout strategy or explaining entry/exits on a end of day 'EOD' chart.

Final note ...don't pay attention to the ClosedPnL the robot is showing.


Last edited by PiCoTrader; July 7th, 2010 at 02:12 PM.
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  #167 (permalink)
Elite Member
Sydney / Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP
Favorite Futures: Oil
 
Posts: 116 since Jun 2009
Thanks: 125 given, 103 received


PiCoTrader View Post
hi jthom and Thewizard, sorry but your comments are irrelevant.
Stay focused on the subject, Not the charts or indicators. Those are not the subject here.
The breakout robot entering late compared to our free ADXVMA is.

Those charts are to compare how far the robot took a trade based on background charge' Blue chart'. Compare it with ADXVMA background color change 'black chart' and see how far the robot took the trade.

I'm using _Lin_Reg_Color_Paint_V01 to mimic Viper and TSSupertrend on the blue chart.
But its irrelevant.

when using a strategy,Ninja puts a dotted line after closing the trade.
You need a second chart 'my black one' or a dome to see the trade going and to move stop and targets. You don't have any control of the trade on the same chart robot strategy is running' for those who don't know'.

So the robot was set on the blue chart while I was watching and trading it on the black chart using chart Trader.

This was my first time subscribing to a strategy '399usd' and I did not like it but someone on futures.io (formerly BMT) had to do it to find out about the Breakout autotrader.

As a trader, I was very concerned to see the robot enter so late. ADXVMA was already telling me that the automatic trade would likely fail.

Seeing 3 losing trades in a row on the second chart has nothing to give me confidence either.

There is nothing better as yourself to trade but I had to find out.
Personally the chat room is all I want and with clear trade calls, from Viper System, this would be a much better trading room than selling a breakout strategy or explaining entry/exits on a end of day 'EOD' chart.

Final note ...don't pay attention to the ClosedPnL the robot is showing.

Sorry, who are you to judge if our comments are irrelevant?
I was simply stating what the indicators look like. No need to flame please, since we didnt relate to your 'comment!'

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  #168 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
TheWizard's Avatar
 
Posts: 1,699 since Jun 2009
Thanks: 508 given, 4,029 received


PiCoTrader View Post
hi jthom and Thewizard, sorry but your comments are irrelevant.
Stay focused on the subject, Not the charts or indicators. Those are not the subject here.
The breakout robot entering late compared to our free ADXVMA is.

Those charts are to compare how far the robot took a trade based on background charge' Blue chart'. Compare it with ADXVMA background color change 'black chart' and see how far the robot took the trade.

I'm using _Lin_Reg_Color_Paint_V01 to mimic Viper and TSSupertrend on the blue chart.
But its irrelevant.

when using a strategy,Ninja puts a dotted line after closing the trade.
You need a second chart 'my black one' or a dome to see the trade going and to move stop and targets. You don't have any control of the trade on the same chart robot strategy is running' for those who don't know'.

So the robot was set on the blue chart while I was watching and trading it on the black chart using chart Trader.

This was my first time subscribing to a strategy '399usd' and I did not like it but someone on futures.io (formerly BMT) had to do it to find out about the Breakout autotrader.

As a trader, I was very concerned to see the robot enter so late. ADXVMA was already telling me that the automatic trade would likely fail.

Seeing 3 losing trades in a row on the second chart has nothing to give me confidence either.

There is nothing better as yourself to trade but I had to find out.
Personally the chat room is all I want and with clear trade calls, from Viper System, this would be a much better trading room than selling a breakout strategy or explaining entry/exits on a end of day 'EOD' chart.

Final note ...don't pay attention to the ClosedPnL the robot is showing.

Pico,
Sorry for the mis-directed "help". I guess I didn't understand the point you were trying to make in the beginning.

Best wishes.

After all, it's what you learn AFTER you know it all, that counts!
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  #169 (permalink)
Trading Apprentice
Montreal
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CannonTrading /
Favorite Futures: Crude, TF
 
PiCoTrader's Avatar
 
Posts: 40 since Mar 2010
Thanks: 148 given, 47 received

hey guys so we all agree the charts are mine with our indicators and not viper's and that my post is about the robot and helping others.

You scared me!
I used to be a teacher for many years and I thought my English was getting bad so I could not express my ideas clearly enough...I'm french.

I want vipers new customers to know from an outside trader what's good and 'less good' with the Breakout AutoTrader....Don't look at the Robot daily profits if you want to subscribe. Take the trial.

After watching viper system for a long time I've decided to get ride of the _Lin_Reg_Color used as the Viper and replaced it with ADXVMA, which is a very good place to buy when price comes back to touch it.

So now I'm just using TSSuperTrend Break and retracement touch and ADXVMA at retracement touch.

Both together with viper's teaching can give very good results.
Viper made me see my charts on a different way. Thanks Charles

Here is my Crude set up...I have the same for Gold, Euro and EMD on 3 screens.

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anyone else tried the robot ?
anyone else got success with Viper ?


Last edited by PiCoTrader; July 7th, 2010 at 02:43 PM.
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  #170 (permalink)
Elite Member
Fort Collins, CO
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zaner Zen-Fire
Favorite Futures: GC Comex Gold
 
whoisthere48's Avatar
 
Posts: 32 since Jul 2009
Thanks: 185 given, 29 received


I tried the viper off and on. The guys that run it seem well intentioned. However I wanted a simple straightforward robotic trading system that I could count on to make more money over the course of a week than it loses. I never found that there and I have been using their autotraders ever since the Mamba and Diamondback days. I quit them about a month ago after unsuccessfully trying out their newest robot, the Elite Breakout. When I lost money with it, then the obvious reason was "user error". Either I chose the wrong settings (of which there are dozens) or I chose the wrong start or stop times. With the limitations that NT 6.5 has on memory, I could not run more than 4 or 5 of the robots without NT crashing so I could not run enough simulations to get a good idea of what works and doesn't work. So I had to wing it. The "suggested settings" were somewhat vague at first. Maybe they are more firm now. I don't know.

What annoyed me the most was that at every webinar Rich would bring up screen shots of a few selected instruments to show how much they made the day before. But when I asked about an instrument I lost on the day before, if I got an answer it was something like "gee, we don't know because we did not trade that one last night" or "our trades made money - see the chart". It seemed I always ran the robots on the wrong ones or started it at the wrong time.

If they would put out a simple automated robot that makes (even a little bit) more than it loses in a week consistently I would pay for it. So if you guys at Viper (Charles, Gary or Rich) are reading this, please cut the complexity and make something simple that makes money. THAT'S what people want and will pay for.

And if you can't do that, at least buy enough PC's and run the robots every day on all 15 or 20 or so instruments you discuss and give a daily running tally of how each one did with ONLY the default settings and default trading times every day so everyone in the webinar can see which instruments the robots work on and which ones they don't work on. Full disclosure is the honest way to present what you have to offer. Anything less does not - to say the least - give me the confidence to subscribe again.

Had to get that off my chest.

Richard


Last edited by whoisthere48; July 8th, 2010 at 01:36 AM. Reason: fixing mistakes
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